Martin and jennifer are both interested in learning more about a company's cash. martin wants to know what the company's cash balance was at the end of their fiscal year. jennifer wants to know how the company gained and used cash over the past accounting period. which financial documents should they look at?

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Business

Jakobe Yang

4 July, 02:06

Martin and jennifer are both interested in learning more about a company's cash. martin wants to know what the company's cash balance was at the end of their fiscal year. jennifer wants to know how the company gained and used cash over the past accounting period. which financial documents should they look at?

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Joyce · Answer 1

Martin should look at the company balance sheet as of the end the last accounting period to see the cash balance on the last day of the accounting period. Jennifer should look at the company cash flow statement as of the end of the last accounting period to see the sources and uses of cash during the accounting period.